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        • london, london
        • contract
        • £289 - £460 per day
        • -
        The role is to assist the Hedging Units (in Europe) during the transition of Hedge Relationships from IBOR to RFRs. This includes planning transition, changing hedge documentation, following transition processes, and application of transition controls. There will also be the testing and implementation of system / process changes resulting from the introduction of the RFRs. The role will also involve enhancing Product Controls interaction through collaboration with the wider Finance working group, Group Accounting Policy (GAP) and external stakeholders. Apply changes in external accounting, regulatory and legal requirements that will have an impact on the Hedge Accounting for the Group.Plan and coordinate the execution of transition tradesAnalyse requirements for the delivery of a suitable Hedge Accounting framework in line with existing or new Group accounting policies.Formulate and recommend specific actions to be undertaken providing detailed practical guidance on implementation of the policies and accounting framework.Follow and update all relevant Key Controls that have been embedded as part of the delivery to support a robust and sustainable framework.Provide support to the Finance working group and other ad-hoc working groups.Co-ordination of Product Control's transition plan. The successful applicant will be a key member who will contribute to the relevant subject matter expert ('SME') teams within Product Control and GHU and will liaise with senior stakeholders in the IBORs transition project. Major Challenges (inherent in the role that require a continual test of the role holder's abilities)Accounting Complexity - Stringent accounting rules for the different types of hedges which need to be complied with to ensure that the results of hedging are accurately reflected in the accounting records.Ongoing Monitoring - Complex testing processes are required to be performed and evidenced throughout the life of the hedge.Challenging deadlines to deliver "IBOR" transition, analysis and documentations and meet regulatory requirements. Strong understanding of the "IBOR" transition impact on Valuation, P&L and Accounting IT systems.Communication across numerous teams and functions - PC, Finance Change and IT, Front office and GAP.Effective leveraging of resources to ensure that internal and regulatory expectations can be met whilst maintaining appropriate control standards. Rapid escalation for issues as they arise. The candidate should possess the following skills and experience:Accounting, business or relevant degree qualification or equivalent experience.Understanding the operation, risk and accounting of banking products, including good knowledge of financial instruments and practices (if not held at start, rapid accumulation of this knowledge is required);Knowledge and experience of applying IFRS accounting standards in practical business situations;Self-motivated, proactive and delivery focused, but who is also able to demonstrate strategic vision and a strong ability in problem solving.Excellent analytical and communication skills, both written and verbal; specifically, to present and document requirements in a clear and concise manner appropriate to the audience.Team player with positive service attitude with an understanding of the project lifecycle and an understanding of risks and issues and when and how they should be escalated.Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003
        The role is to assist the Hedging Units (in Europe) during the transition of Hedge Relationships from IBOR to RFRs. This includes planning transition, changing hedge documentation, following transition processes, and application of transition controls. There will also be the testing and implementation of system / process changes resulting from the introduction of the RFRs. The role will also involve enhancing Product Controls interaction through collaboration with the wider Finance working group, Group Accounting Policy (GAP) and external stakeholders. Apply changes in external accounting, regulatory and legal requirements that will have an impact on the Hedge Accounting for the Group.Plan and coordinate the execution of transition tradesAnalyse requirements for the delivery of a suitable Hedge Accounting framework in line with existing or new Group accounting policies.Formulate and recommend specific actions to be undertaken providing detailed practical guidance on implementation of the policies and accounting framework.Follow and update all relevant Key Controls that have been embedded as part of the delivery to support a robust and sustainable framework.Provide support to the Finance working group and other ad-hoc working groups.Co-ordination of Product Control's transition plan. The successful applicant will be a key member who will contribute to the relevant subject matter expert ('SME') teams within Product Control and GHU and will liaise with senior stakeholders in the IBORs transition project. Major Challenges (inherent in the role that require a continual test of the role holder's abilities)Accounting Complexity - Stringent accounting rules for the different types of hedges which need to be complied with to ensure that the results of hedging are accurately reflected in the accounting records.Ongoing Monitoring - Complex testing processes are required to be performed and evidenced throughout the life of the hedge.Challenging deadlines to deliver "IBOR" transition, analysis and documentations and meet regulatory requirements. Strong understanding of the "IBOR" transition impact on Valuation, P&L and Accounting IT systems.Communication across numerous teams and functions - PC, Finance Change and IT, Front office and GAP.Effective leveraging of resources to ensure that internal and regulatory expectations can be met whilst maintaining appropriate control standards. Rapid escalation for issues as they arise. The candidate should possess the following skills and experience:Accounting, business or relevant degree qualification or equivalent experience.Understanding the operation, risk and accounting of banking products, including good knowledge of financial instruments and practices (if not held at start, rapid accumulation of this knowledge is required);Knowledge and experience of applying IFRS accounting standards in practical business situations;Self-motivated, proactive and delivery focused, but who is also able to demonstrate strategic vision and a strong ability in problem solving.Excellent analytical and communication skills, both written and verbal; specifically, to present and document requirements in a clear and concise manner appropriate to the audience.Team player with positive service attitude with an understanding of the project lifecycle and an understanding of risks and issues and when and how they should be escalated.Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003

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